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Alphabet announces $70 billion buyback


CEO and Google Sundar Pichai, Google Sundar Pichai, during a conference at Chancellery Warsaw in Poland (March 29, 2022).

Mateusz Wlodarczyk | Nurphoto | Getty Images

Alphabet announced Tuesday that the board authorized $70 Billion in share repurchases. This is a significant increase from last year’s $50 Billion authorization and $25 billion authorization in 2019.

After revenue and earnings expectations that were not met, Alphabet shares dropped by more than 6 percent in extended trading.

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